Hallador Energy Company $HNRG Stock Bought by CenterBook Partners LP

CenterBook Partners LP grew its stake in Hallador Energy Company (NASDAQ:HNRG) by 81.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 618,944 shares of the energy company’s stock after buying an additional 278,322 shares during the period. CenterBook Partners LP’s holdings in Hallador Energy were worth $8,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HNRG. State of Wyoming acquired a new position in shares of Hallador Energy in the second quarter worth approximately $32,000. Summit Securities Group LLC bought a new stake in Hallador Energy in the first quarter valued at approximately $31,000. Persistent Asset Partners Ltd acquired a new stake in Hallador Energy during the 2nd quarter valued at approximately $42,000. Meeder Asset Management Inc. increased its position in Hallador Energy by 71.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,631 shares during the period. Finally, Legal & General Group Plc bought a new position in Hallador Energy during the 2nd quarter worth approximately $144,000. 61.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HNRG shares. Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Northland Securities set a $27.00 target price on shares of Hallador Energy in a report on Tuesday, October 6th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.88.

Hallador Energy Stock Up 7.9%

NASDAQ:HNRG traded up $0.74 during trading hours on Friday, reaching $10.10. The company had a trading volume of 1,105,163 shares, compared to its average volume of 1,123,599. Hallador Energy Company has a twelve month low of $8.85 and a twelve month high of $24.70. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $476.11 million, a price-to-earnings ratio of 505.00 and a beta of 0.47. The business’s 50-day simple moving average is $13.61 and its two-hundred day simple moving average is $16.33.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, equities analysts expect that Hallador Energy Company will post -0.47 earnings per share for the current year.

Hallador Energy Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.